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Employment
Employment
2025- Director, Research - Bank of Canada
2020-2022 Research Advisor - Bank of Canada
2020-2022 Principal Researcher - Bank of Canada
2015-2020 Senior Economist - Bank of Canada
Among the top 5% Authors in IDEAS/RePEc based on last 10 years of publications, as of February 2025.
Education
Education
2009-2015 Ph.D., Economics - Pennsylvania State University
Ph.D. Thesis: Essays in Directed Search with Private Information. Committee: Neil Wallace (Co-Chair), Shouyong Shi (Co-Chair), Manolis Galenianos
2007-2009 M.Sc., Economics - Sharif University of Technology, Iran
2003-2007 B.Sc., Electrical Engineering - Sharif University of Technology, Iran
Papers (Publications, Working Papers and Work in Progress)
Papers (Publications, Working Papers and Work in Progress)
1. "Constrained Efficiency with Adverse Selection and Directed Search," Journal of Economic Theory, 2019. (Published Version) (Working Paper)
1. "Constrained Efficiency with Adverse Selection and Directed Search," Journal of Economic Theory, 2019. (Published Version) (Working Paper)
2. "A Policy Framework For E-Money," Joint with Francisco Rivadeneyra, Canadian Public Policy, 2020. (Published Version) (Discussion Paper)
2. "A Policy Framework For E-Money," Joint with Francisco Rivadeneyra, Canadian Public Policy, 2020. (Published Version) (Discussion Paper)
3. "Adverse Selection with Heterogeneously Informed Agents," International Economic Review, 2020. (Published Version) (Working Paper)
3. "Adverse Selection with Heterogeneously Informed Agents," International Economic Review, 2020. (Published Version) (Working Paper)
4. "Central Bank Digital Currency and Monetary Policy," Journal of Economic Dynamics and Control, 2021. (Published Version) (Working Paper).
4. "Central Bank Digital Currency and Monetary Policy," Journal of Economic Dynamics and Control, 2021. (Published Version) (Working Paper).
5. "Bank Market Power and Central Bank Digital Currency: Theory and Quantitative Assessment," Joint with Jonathan Chiu, Janet Hua Jiang and Yu Zhu, Journal of Political Economy, 2022. (Working Paper)
5. "Bank Market Power and Central Bank Digital Currency: Theory and Quantitative Assessment," Joint with Jonathan Chiu, Janet Hua Jiang and Yu Zhu, Journal of Political Economy, 2022. (Working Paper)
6. "Optimal Taxation in Asset Markets with Adverse Selection," European Economic Review, 2022. (Working Paper)
6. "Optimal Taxation in Asset Markets with Adverse Selection," European Economic Review, 2022. (Working Paper)
9. "Dealer Inventory and Market Liquidity," Joint with Jonathan Chiu and Janet Hua Jiang. [Draft coming soon]
9. "Dealer Inventory and Market Liquidity," Joint with Jonathan Chiu and Janet Hua Jiang. [Draft coming soon]
10. "Central Bank Digital Currency and Banking: Macroeconomic Benefits of a Cash-Like Design," Joint with Jonathan Chiu (Working Paper) Management Science.
10. "Central Bank Digital Currency and Banking: Macroeconomic Benefits of a Cash-Like Design," Joint with Jonathan Chiu (Working Paper) Management Science.
12. Contribution to Central Bank Digital Currencies: Financial Stability Implications" published by Bank for International Settlements 2021. (Discussion Paper)
12. Contribution to Central Bank Digital Currencies: Financial Stability Implications" published by Bank for International Settlements 2021. (Discussion Paper)
13. "Central Bank Digital Currencies and Banking: Literature Review and New Questions," Joint with James Chapman, Jonathan Chiu, Janet Jiang, Francisco Rivadeneyra and Yu Zhu, 2023. (Discussion paper)
13. "Central Bank Digital Currencies and Banking: Literature Review and New Questions," Joint with James Chapman, Jonathan Chiu, Janet Jiang, Francisco Rivadeneyra and Yu Zhu, 2023. (Discussion paper)
Professional Activities
Professional Activities
• Refereeing for (in reverse alphabetical order)
– Theoretical Economics
– Review of Economic Studies
– Review of Economic Dynamics
– Management Science
– Macroeconomic Dynamics
– Latin American Journal of Central Banking
– Journal of Money, Credit and Banking
– Journal of Monetary Economics
– Journal of Financial Economics
– Journal of Economic Theory
– Journal of Economic Dynamics and Control
– Journal of Behavioral and Experimental Finance
– Journal of Banking and Finance
– International Economic Review
– European Economic Review
– Economies
– Economics and Business Letters
– Economic Theory
– Economic Journal
– Economic Inquiry
– China: An International Journal
– Canadian Journal of Economics
– Applied Economics Letters
• Discussions
– Charles Kahn, "FedNow and Faster Payments in the US" at the The Future of Finance: Implications of Innovation, the 68th Economic Conference of Federal Reserve Bank of Boston. November 2024. See the agenda and watch presentations on YouTube.
– Kumhof, Pinchetti, Rungcharoenkitkul and Sokol, "CBDC Policy Rules and Welfare" at the 2nd WBS Gillmore DeFi & Digital Currencies Conference , November 2023.
– Geromichalos, Herrenbrueck and Wang, "Asymmetric Information and the Liquidity Role of Assets" at the 2nd Search and Matching Workshop in Asia-Pacific, 2023
– Saki Bigio and Liyan Shi, “Private Information and Repurchase Options in Competitive Search Markets ” at Mad(ison) Money Meeting co-organized with Bank of Canada, 2021
– Jiasun Li and William Mann, “Initial Coin Offering and Platform Building” at Bank of Canada Payments conference, 2018
– Saroj Bhattarai, “Some Unpleasant Central Bank Balance Sheet Arithmetic,” at CMSG, 2017
– Derek Stacey, “Posted Prices, Search and Bargaining,” at CEA, 2016
• Organizing Conferences
– Co-organizing the "2nd Conference on the Economics of Central Bank Digital Currency by the Bank of Canada and Sveriges Riksbank," 2023
– Chairing the organizing committee of "The 2023 Bank of Canada Graduate Student Paper Award," 2023
– Co-organizing the "Bank of Canada Annual Conference," 2020
– Co-organizing the "Conference on the Economics of Central Bank Digital Currency by the Bank of Canada and Sveriges Riksbank," 2019
Teaching Experience
Teaching Experience
Instructor
– ECON 5020- Microeconomics (MA level), Carleton University, Winter 2023 (ongoing)
– ECON 351- Money and Banking, Penn State University, Summer 2013 and Summer 2014
Teaching Assistant
– ECON 102, 104, 302, 304: Introductory and Intermediate Microeconomic and Macroeconomic Analysis, Penn State University, 2009-2014
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